A Rowe boat

With financial markets mired in uncertainty, it is not surprising that demand for ultra-luxury yachts is not what it used to be.

Rothschild boss
Trevor Rowe
is experiencing the slump in demand at the prestige end of the market first hand as he looks for a new home for his world-class cruiser.

Advertisements for his beloved five-year-old Mabuhay Lima show he has had to cut the price by $255,000 to a bargain $3,995,000.

Rowe has a well-documented passion for deluxe watercraft, having previously owned the $15 million yacht Lady Janine.

He is moving on to “the next phase" of his boating adventures, according to advertisements for the 27.5 metre Mabuhay Lima, which sleeps up to 11.

Rowe, who has described his passion for boats as a “vice", took possession of the boat in Fort Lauderdale in 2007 and has since spent time cruising the waters of the Bahamas and the Australian and the Pacific islands.